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Zhong Lun Advises on Establishment of CCB International Cultural Industry PE Fund
Zhong Lun Advises on Establishment of CCB International Cultural Industry PE Fund
CCB International (Holdings) Limited ("CCB International"), an investment banking flagship wholly owned by China Construction Bank Corporation ("CCB"), announced the official launch of CCB International Cultural Industry PE Fund ("the Fund") in Beijing on April 23, 2011.
Zhong Lun Law Firm formed a professional service team led by partner Guo Kejun and also including attorney-at-law Xie Xiaoyu and advised CCB International on the establishment of the Fund.
With a size of RMB2 billion, this is the first cultural sector investment fund in the Mainland China with its investment focus directed towards the broadcasting, film/ TV production and publishing industries.
In addition to CCB International, the Fund’s investors include such industrial leaders as China Publishing Group Corporation (a national level publisher) and China Film Group Corporation (a major first- rate film producer in China). Listed as investors are also elite Chinese companies such as the Jiangsu Yurun Group and Qixian Investment.
Beijing Galloping Horse Film & TV Production Co., Ltd was the first cultural company on the receiving end of its investment.